Specialty Risks Management Liability Coverage
Professional E&O and D&O
With decades of experience, the Brokers’ Risk team at One80 Intermediaries offers in-house binding authority for captives, risk retention groups and self-insurance pools. This exclusive coverage is provided to our broker partners with best in class service.
Specialty Risks Management Liability Overview
The target classes and typical risks we focus on for this program are:
- Domestic Captives
- Risk Retention Groups
- Risk Purchasing Groups
- Self-Insurance Trusts
- Self-Insurance Pools
- Self-Insurance Funds
- Joint Powers Authorities
- Intergovernmental Risk Cooperatives
- Mutual Insurance Companies
- Associations
- Wholly owned insurance service vendors
- Other affiliated entities may be eligible
- Available to public entity, nonprofit and private entities
The highlighted features of this exclusive program include:
- $1 to $10 Million available limits of liability
- Coverage for in-house claims, marketing, loss control and underwriting administration
- Broad definition of Insured
- No INSURED v. INSURED exclusion
- $100,000 Regulatory Investigation Expense sublimit
- Prior acts available
- Duty to defend with Insured’s input on selection of counsel
- Insurer “Pays on behalf” of Insured
- Split limits available
- Low and aggregate deductibles also available
The available 2023 additional enhancements we have to offer for this program are:
- Loss to include multiplied damages
- 30%-70% clause favoring the Insured for settlements
- Covering breach of privacy for employment practices where no security breach occurred
- Discovery Period up to 24 months @ 200% optional
- Cancellation for non-payment of premium – 20 Days
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